losangelesnewstoday.com
losangelesnewstoday.com April 26, 2018


Taiwan's manufacturing sector made steady gains in March

04 April 2018, 01:09 | Katrina Lee

Strong Canadian manufacturing growth maintained in March

GBP/USD – Pound Higher, US ISM Manufacturing Dips

It marks the 19th month of consecutive expansion of Singapore's manufacturing sector. According to Markit Surveys, the PMI manufacturing survey for March came in at 55.1, well above the 54.7 that had been predicted by analysts; the February reading, however, was revised downward to 55.0 from 55.2.

New order growth reached a four-month high in the month as new export orders recovered from a contraction seen in February.

"U.S. factories reported a strong end to the first quarter, with the PMI advancing to a three-year high".

The further easing in the headline PMI mainly reflected slower growth of manufacturing production and incoming new business, both of which rose to the lowest extents since November 2016.

Euro zone economic growth has already peaked, a Reuters poll found last month, but the European Central Bank will probably decide this summer to slash its bond purchases if things develop as expected, policymaker Ewald Nowotny said last week.

A PMI published earlier on Tuesday showed growth in euro zone manufacturers slid to an eight-month low in March, although they continued to outpace their British peers.

SpaceX rocket carrying communications satellites blasts off in California
The satellites are part of an ultimate 75-satellite array being positioned for Iridium's "next-generation" communications system. A SpaceX engineer narrating Friday's launch broadcast told viewers the company was required by NOAA to cut the live feed early.

New work placed with Chinese manufacturers did increase in the month, but the pace of that expansion has slowed as the country faces "muted" foreign demand.

"Clearly, the big question remains what the PMI will do next: the level is still good but the trajectory needs to stabilize in April", said Greg Fuzesi at JP Morgan. "Manufacturing should therefore make another substantial contribution to GDP growth in the first quarter, and the presence of sustained inflationary pressures will be welcomed by policymakers", Williamson adds.

A new Commerce Department report on US construction spending showed it increased just 0.1% in February from January's revised level.

"Price pressures continued to escalate, with both input and output prices rising at faster rates".

Amid reports of lower demand from global markets, new export orders declined for the second consecutive month in March. The peso's depreciation against the US dollar didn't help matters either. However, the degree to which output rose was modest and the weakest since October.

The data for March has shown slowing levels of manufacturing activity across the currency bloc, in some cases by more than forecast.



Other News

Trending Now

Hamas Mounts Large-Scale Military Exercise, Demonstrating Its Complete Control Over Gaza
The Israeli military has said it has caught three Palestinians from Gaza who sneaked into Israel carrying grenades. Gaza's Hamas rulers are urging residents to gather near the fence and march toward Israeli positions.

Which team will emerge from the NCAA Final Four?
A third team got hot just as the madness began. "Every team starts the season saying that's our goal to go to the Final Four". Kansas will do what they've done all season against Villanova , and are hopeful they don't go cold at the wrong time .

Karnataka Assembly elections to be held May 12, counting on May 15
If BJP manages to form its government in Karnataka, it will be in power on its own or in an alliance in 22 states. Regarding politics , he said: "I had no role in Yogishgouda Goudar's wife Mallamma joining the Congress Party".

Boy who fell into sewer pipe found alive
Cameras used to inspect pipes for fix were used to float at the top of the pipe and crawl along the bottom, Scott said. They attached a camera to a floatation device and send it 300 feet down the pipe.

Disney makes offer for Sky News
The Murdoch-controlled Hollywood studio has proposed two new offers to British regulators to help get its $15B deal over the line. The Sky News proposal would take place regardless of whether that acquisition was successfully concluded, Fox said.

Anti-India protests erupt in Kashmir amid deadly fighting
According to a Kashmir Media Service report, search operations were conducted in Islamabad and Shopian districts of South Kashmir. The Indian police also raided the residence of APHC leader, Muhammad Yousuf Naqash, in Srinagar and harassed his family members.

Prince Harry and Meghan Markle choose flowers for their wedding
The flowers will also include, where possible, plants that are "in season and blooming naturally in May". The arrangements will be very natural and reflect the wild landscapes that the flowers originate.

New Overwatch Uprising Event Must Explain Blackwatch and Talon Motives
It also gives those that missed out on the previous event a chance to earn those skins that they have previously missed out on. Blackwatch worked along Overwatch and helped carry out missions, but the information stops there.

Mueller Releases Secret Memo Underpinning Manafort Probe
He argued that his guilty plea has been punishment enough because it will prohibit him from practicing law in the U.K. The Department of Justice is now working with the Russian government to extradite the 13 Russian nationals.

Former Catalan Leader Will Stay in German Jail
Protesters wave Spanish and Catalan Senyera flags during a pro-unity demonstration in Barcelona on October 29, 2017. About 90 people were slightly injured during the protests, including 22 police officers, emergency services said.